Silicon carbide (SiC) is a compound of silicon and carbon. It is a very hard material with a Mohs hardness of 9. It is used in a variety of electronic devices. SiC-based power electronics are devices that use SiC as a material for the active element. SiC-based inverters are devices that use SiC as a material for the inverter.
Key Trends
The key trends in SiC-based power electronics and inverter technology are miniaturization, higher efficiency, and lower losses.
SiC-based devices are able to operate at higher temperatures than traditional silicon devices, meaning that they can be miniaturized without sacrificing performance.
In addition, SiC-based devices have lower switching losses, meaning that they are more efficient than silicon devices.
Key Drivers
The key drivers of SiC based power electronics and inverter market can be classified into three major categories, namely, technological, economic, and environmental.
Technological: The ever-growing demand for miniaturization of electronic devices and components has resulted in the development of new and improved manufacturing techniques for semiconductor materials. The silicon carbide (SiC) based power electronic devices offer a number of advantages over their silicon (Si) counterparts, including higher power density, higher operating temperature, and lower ON-resistance.
Economic: The SiC based power electronic devices offer a number of advantages over their silicon (Si) counterparts, including higher power density, higher operating temperature, and lower ON-resistance. These attributes make SiC an attractive option for a wide range of applications, such as electric vehicles (EVs), solar photovoltaic (PV) inverters, and high-temperature industrial processes.
Environmental: The increasing awareness about the harmful effects of greenhouse gases (GHGs) has resulted in the need for more efficient and environment-friendly power electronic devices. SiC based power electronic devices are more efficient than their Si counterparts and generate less GHGs.
Restraints & Challenges
The key restraints and challenges in SiC Based Power Electronics and Inverter market are:
Market Segments
The SiC Based Power Electronics and Inverter Market is segmented by product, end-user, and region. By product, the market is divided into power electronics and inverter. Based on end-user, it is bifurcated into automotive, consumer electronics, industrial, and others. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Please Note: This report will be delivered by publisher within 3-4 business days of order confirmation.
- Chapter 1. Market Introduction
- 1.1. Objectives of the Study
- 1.2. Market Definition and Research & Scope
- 1.3. Research Methodologies
- 1.4. Market Estimation Techniques
- Chapter 2. Executive Summary
- 2.1. Summary
- 2.2. Key Highlights of the Market
- Chapter 3. SiC Based Power Electronics and Inverter Market Outlook
- 3.1. SiC Based Power Electronics and Inverter Market segmentation
- 3.2. Market Dynamics
- 3.2.1. Market Drivers
- 3.2.1.1. Driver 1
- 3.2.1.2. Driver 2
- 3.2.1.3. Driver 3
- 3.2.2. Market Restraints
- 3.2.2.1. Restraint 1
- 3.2.2.2. Restraint 2
- 3.2.3. Market Opportunities
- 3.2.3.1. Opportunity 1
- 3.2.3.2. Opportunity 2
- 3.3. Porter’s Five Forces Analysis
- 3.3.1. Threat of New Entrants
- 3.3.2. Threat of Substitutes
- 3.3.3. Bargaining Power of Buyers
- 3.3.4. Bargaining Power of Supplier
- 3.3.5. Competitive Rivalry
- 3.4. PESTLE Analysis
- 3.5. Value Chain Analysis
- 3.5.1. Raw Material Suppliers
- 3.5.2. Manufacturers
- 3.5.3. Wholesalers and/or Retailers
- 3.6. Impact of the Russia and Ukraine War on the SiC Based Power Electronics and Inverter Market
- Chapter 4. Economic Impact of COVID-19 on SiC Based Power Electronics and Inverter Market
- 4.1. Overall Impact of COVID-19
- 4.2. Impact of COVID On the SiC Based Power Electronics and Inverter Market
- 4.3. Economic Impact Analysis
- Chapter 5. SiC Based Power Electronics and Inverter Market by Product
- 5.1. Market Overview
- 5.2. Power Electronics
- 5.2.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 5.3. Inverter
- 5.3.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- Chapter 6. SiC Based Power Electronics and Inverter Market by End-User
- 6.1. Market Overview
- 6.2. Automotive
- 6.2.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.3. Consumer electronics
- 6.3.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.4. Industrial
- 6.4.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.5. Others
- 6.5.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- Chapter 7. SiC Based Power Electronics and Inverter Market, by Region
- 7.1. Overview
- 7.2. North America
- 7.2.1. Key Market Trends and Opportunities
- 7.2.2. North America SiC Based Power Electronics and Inverter Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.2.3. North America SiC Based Power Electronics and Inverter Market Size and Forecast by End-User, 2021-2031, ($Million)
- 7.2.4. North America SiC Based Power Electronics and Inverter Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.2.5. The U.S.
- 7.2.5.1. The U.S. SiC Based Power Electronics and Inverter Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.2.5.2. The U.S. SiC Based Power Electronics and Inverter Market Size and Forecast by End-User, 2021-2031, ($Million)
- 7.2.6. Canada
- 7.2.6.1. Canada SiC Based Power Electronics and Inverter Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.2.6.2. Canada SiC Based Power Electronics and Inverter Market Size and Forecast by End-User, 2021-2031, ($Million)
- 7.2.7. Mexico
- 7.2.7.1. Mexico SiC Based Power Electronics and Inverter Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.2.7.2. Mexico SiC Based Power Electronics and Inverter Market Size and Forecast by End-User, 2021-2031, ($Million)
- 7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Europe SiC Based Power Electronics and Inverter Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.3.3. Europe SiC Based Power Electronics and Inverter Market Size and Forecast by End-User, 2021-2031, ($Million)
- 7.3.4. Europe SiC Based Power Electronics and Inverter Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.3.5. Germany
- 7.3.5.1. Germany SiC Based Power Electronics and Inverter Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.3.5.2. Germany SiC Based Power Electronics and Inverter Market Size and Forecast by End-User, 2021-2031, ($Million)
- 7.3.6. France
- 7.3.6.1. France SiC Based Power Electronics and Inverter Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.3.6.2. France SiC Based Power Electronics and Inverter Market Size and Forecast by End-User, 2021-2031, ($Million)
- 7.3.7. U.K.
- 7.3.7.1. U.K. SiC Based Power Electronics and Inverter Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.3.7.2. U.K. SiC Based Power Electronics and Inverter Market Size and Forecast by End-User, 2021-2031, ($Million)
- 7.3.8. Spain
- 7.3.8.1. Spain SiC Based Power Electronics and Inverter Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.3.8.2. Spain SiC Based Power Electronics and Inverter Market Size and Forecast by End-User, 2021-2031, ($Million)
- 7.3.9. Italy
- 7.3.9.1. Italy SiC Based Power Electronics and Inverter Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.3.9.2. Italy SiC Based Power Electronics and Inverter Market Size and Forecast by End-User, 2021-2031, ($Million)
- 7.3.10. Rest of Europe
- 7.3.10.1. Rest of Europe SiC Based Power Electronics and Inverter Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.3.10.2. Rest of Europe SiC Based Power Electronics and Inverter Market Size and Forecast by End-User, 2021-2031, ($Million)
- 7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Asia-Pacific SiC Based Power Electronics and Inverter Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.4.3. Asia-Pacific SiC Based Power Electronics and Inverter Market Size and Forecast by End-User, 2021-2031, ($Million)
- 7.4.4. Asia-Pacific SiC Based Power Electronics and Inverter Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.4.5. China
- 7.4.5.1. China SiC Based Power Electronics and Inverter Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.4.5.2. China SiC Based Power Electronics and Inverter Market Size and Forecast by End-User, 2021-2031, ($Million)
- 7.4.6. India
- 7.4.6.1. India SiC Based Power Electronics and Inverter Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.4.6.2. India SiC Based Power Electronics and Inverter Market Size and Forecast by End-User, 2021-2031, ($Million)
- 7.4.7. Japan
- 7.4.7.1. Japan SiC Based Power Electronics and Inverter Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.4.7.2. Japan SiC Based Power Electronics and Inverter Market Size and Forecast by End-User, 2021-2031, ($Million)
- 7.4.8. South Korea
- 7.4.8.1. South Korea SiC Based Power Electronics and Inverter Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.4.8.2. South Korea SiC Based Power Electronics and Inverter Market Size and Forecast by End-User, 2021-2031, ($Million)
- 7.4.9. Rest of APAC
- 7.4.9.1. Rest of APAC SiC Based Power Electronics and Inverter Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.4.9.2. Rest of APAC SiC Based Power Electronics and Inverter Market Size and Forecast by End-User, 2021-2031, ($Million)
- 7.5. Rest of the World
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Rest of the World SiC Based Power Electronics and Inverter Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.5.3. Rest of the World SiC Based Power Electronics and Inverter Market Size and Forecast by End-User, 2021-2031, ($Million)
- 7.5.4. Rest of the World SiC Based Power Electronics and Inverter Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.5.5. Latin America
- 7.5.5.1. Latin America SiC Based Power Electronics and Inverter Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.5.5.2. Latin America SiC Based Power Electronics and Inverter Market Size and Forecast by End-User, 2021-2031, ($Million)
- 7.5.6. Middle East
- 7.5.6.1. Middle East SiC Based Power Electronics and Inverter Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.5.6.2. Middle East SiC Based Power Electronics and Inverter Market Size and Forecast by End-User, 2021-2031, ($Million)
- 7.5.7. Africa
- 7.5.7.1. Africa SiC Based Power Electronics and Inverter Market Size and Forecast by Product, 2021-2031, ($Million)
- 7.5.7.2. Africa SiC Based Power Electronics and Inverter Market Size and Forecast by End-User, 2021-2031, ($Million)
- Chapter 8. Competitive Landscape
- 8.1. Market Overview
- 8.2. Market Share Analysis/Key Player Positioning
- 8.3. Developmental Strategy Benchmarking
- 8.3.1. New Product Development
- 8.3.2. Product Launches
- 8.3.3. Business Expansions
- 8.3.4. Partnerships, Joint Ventures, and Collaborations
- 8.3.5. Mergers and Acquisitions
- Chapter 9. Company Profiles
- 9.1. Semikron Electronics GmbH and Co., Inc.
- 9.1.1. Company Snapshot
- 9.1.2. Financial Performance
- 9.1.3. Product Offerings
- 9.1.4. Key Strategic Initiatives
- 9.1.5. SWOT Analysis
- 9.2. Fuji Electric Co, Ltd.
- 9.2.1. Company Snapshot
- 9.2.2. Financial Performance
- 9.2.3. Product offerings
- 9.2.4. Key Strategic Initiatives
- 9.2.5. SWOT Analysis
- 9.3. Texas Instruments Incorporated
- 9.3.1. Company Snapshot
- 9.3.2. Financial Performance
- 9.3.3. Product offerings
- 9.3.4. Key Strategic Initiatives
- 9.3.5. SWOT Analysis
- 9.4. Toshiba Corporatio
- 9.4.1. Company Snapshot
- 9.4.2. Financial Performance
- 9.4.3. Product offerings
- 9.4.4. Key Strategic Initiatives
- 9.4.5. SWOT Analysis
- 9.5. Infineon Technologies AG
- 9.5.1. Company Snapshot
- 9.5.2. Financial Performance
- 9.5.3. Product offerings
- 9.5.4. Key Strategic Initiatives
- 9.5.5. SWOT Analysis
- 9.6. ON Semiconductor
- 9.6.1. Company Snapshot
- 9.6.2. Financial Performance
- 9.6.3. Product offerings
- 9.6.4. Key Strategic Initiatives
- 9.6.5. SWOT Analysis
- 9.7. ABB Group
- 9.7.1. Company Snapshot
- 9.7.2. Financial Performance
- 9.7.3. Product offerings
- 9.7.4. Key Strategic Initiatives
- 9.7.5. SWOT Analysis
- 9.8. Maxim Integrated Products, Inc.
- 9.8.1. Company Snapshot
- 9.8.2. Financial Performance
- 9.8.3. Product offerings
- 9.8.4. Key Strategic Initiatives
- 9.8.5. SWOT Analysis
- 9.9. Renesas Electronics Corporation
- 9.9.1. Company Snapshot
- 9.9.2. Financial Performance
- 9.9.3. Product offerings
- 9.9.4. Key Strategic Initiatives
- 9.9.5. SWOT Analysis
- 9.10. Methode Electronics, Inc.
- 9.10.1. Company Snapshot
- 9.10.2. Financial Performance
- 9.10.3. Product offerings
- 9.10.4. Key Strategic Initiatives
- 9.10.5. SWOT Analysis
- *The list of company is subject to change during the final compilation of the report
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook